TORONTO, Feb. 15 /CNW/ - Senior officials with the Canadian Institute of
Chartered Accountants (CICA) including Kevin Dancey, FCA, President and CEO
and Doug Baker, FCA, Vice-Chair, will be available in Ottawa on Tuesday,
February 26, 2008 to comment on the federal budget immediately after
"lock-up". Experienced CAs will be able to provide analysis of the budget and
its impact on Canadians.
In its pre-budget submission "Tax Priorities for Canada," the CICA called
on the government to:
- Reduce the general corporate income tax rate to the small business
- Aggressively pursue sales tax harmonization with the provinces with
the provision of financial incentives for early action.
- Accelerate the pace of reducing the debt (accumulated deficit) so
that a debt-to-GDP ratio of 20 per cent is reached by 2013/2014. In
order to achieve this goal, minimum annual debt payments must be
increased to $5 billion from $3 billion.
- Establish a framework under which overall program spending in all
categories does not rise at a rate faster than the rate of inflation
(adjusted for population growth).
- Continue to adjust capital cost allowance rates to better correspond
to the economic life of the asset.
More details on the pre-budget submission are available on the
Institute's web site (www.cica.ca).
To pre-arrange an interview please contact: John Struthers at
613-761-3106 or firstname.lastname@example.org
For further information:
For further information: Please contact: Tobin Lambie, Manager, Media
with the CICA at (416) 204-3228 or email@example.com